Sharekhan is bullish on Arvind Ltd has recommended buy rating on the stock with a target price of Rs 500 in its research report dated March 12, 2018.
Sharekhan's research report on Arvind Ltd
Recent correction of 12% in the stock price provides a good entry opportunity..Company’s demerger into separate entities will enhance value for shareholders as each business has different value propositions. Gradual improvement in textile business margins and 125-150 bps improvement in branded & retail (B&R) business margins will improve near-term margin prospects.
OutlookWe re-iterate our stance of value-unlocking for shareholders through demerger in separate entities. We maintain our Buy recommendation on the stock with unchanged price target of Rs. 500.
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